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scholarshipgrant
programs
and
S
EPTEMBER 2011
Photo courtesy of Northern Oklahoma College.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 2011II
Front row, lefeft to right:
Assistant Secretary Mike C. Turpen, Oklahoma City;
Vice Chair Marlin “Ike” Glass, Newkirk; Chair Julie K. Carson, Claremore;
Chancellor Glen D. Johnson; Secretary James D. “Jimmy” Harrel, Leedey
Back row, left to right:
Ronald H. White, M.D., Oklahoma City; Joseph L. Parker Jr., Tulsa;
William Stuart Price, Tulsa; Gen. Toney Stricklin, Lawton; John Massey, Durant
The Oklahoma State Regents for Higher Education, in compliance with Titles VI and VII of the Civil Rights Act of 1964, Executive Order 11246 as amended, Title IX of the Education Amendments of 1972, Americans with Disabilities Act of 1990 and other federal laws and regulations, do not discriminate on the basis of race, color, national origin, sex, age, religion, handicap or status as a veteran in any of its policies, practices or procedures. This includes, but is not limited to, admissions, employment, financial aid and educational services. This publication, printed by Central Services, is issued by the Oklahoma State Regents for Higher Education, as authorized by 70 O.S. 2001, Section 3206. 300 copies have been printed at a cost of approximately $127. Copies have been deposited with the Publications Clearinghouse of the Oklahoma Department of Libraries. This publication was produced in September 2011.
O
klahoma State ReRegents
For Higher EducationGRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 2011III
table of contents
P
aying for College
What It Costs..............................................................................1
Money for College......................................................................3
Oklahoma Tuition Aid Grant Program (OTAG).........................3
Oklahoma Tuition Equalization Grant (OTEG).........................4
Oklahoma’s Promise - OHLAP..................................................4
Academic Scholars Program......................................................5
Regional University Baccalaureate Scholarship.........................6
Robert C. Byrd Honors Scholarship Program............................6
Future Teachers Scholarship Program........................................7
George and Donna Nigh Public Service Scholarship.................7
Scholars for Excellence in Child Care Program.........................8
Heroes Promise..........................................................................8
Tuition Waivers...........................................................................9
National Guard Tuition Waiver...................................................9
Independent Living Act (Foster Care Tuition Waiver)..............10
Teacher Shortage Employment Incentive Program...................10
SREB Academic Common Market..........................................11
Stafford Loan Forgiveness Program for Teachers....................12
Federal Financial Aid Programs..............................................12
Oklahoma College Savings Plan..............................................13
Federal Hope (American Opportunity) and
Lifetime Learning Tax Credits.................................................14GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20111
College expenses vary depending on the type of college or university, the number of courses a student takes, a student’s major and his or her personal lifestyle, among other factors.
A significant expense for most college students is the cost of classes. Students pay tuition and mandatory fees to cover costs such as professors’ salaries, classroom and laboratory equipment, classroom maintenance and utility costs.
Tuition and mandatory fees at Oklahoma state colleges and universities are considerably lower than average tuition at similar institutions in other states. Mandatory fees include, but are not limited to, library fees, technology services fees, student activity fees and assessment fees.
In addition, some academic courses also charge academic service fees for the use of equipment and facilities, private instruction and testing/clinical services.
The chart below provides an estimate of annual college costs for an undergraduate resident student carrying 15 hours per semester at a state college or university during the 2011-12 academic year. Though subject to change, the costs can serve as a basis for estimating college expenses.
Independent colleges and universities (not tax supported, nonprofit) are generally more expensive than state colleges and universities, so review the independent college and university pages in this guide or check with your counselor for an estimate of costs.
WHATWHAT
IT
COSTS
2011-12 ESTIMATSTIMATED STUDENT COSTS FOR RESIDENT STUDENTS
ATAT
OKLAHOMA
PUBLIC COLLEGES AND UNIVERSITIES
Expenses Research Universities Regional Universities Community Colleges Technical Branches
Tuition $4,076 $3,537 $2,206 $2,802
Mandatory Fees $3,040 $1,155 $819 $828
Average Academic Service Fees $858 $292 $60 $113
Room and Board* $6,880 $4,543 $4,437 $5,030
Books and Supplies $1,042 $1,105 $1,230 $1,620
Total $15,896 $10,632 $8,752 $10,393
*Room and board costs are based on a student living in a traditional dormitory with a roommate and a board (meal) plan. The costs represent the preferred room and board plan available on each campus. Many institutions offer a wide variety of room and board plans that may be more or less than the amount reported above.
Photo courtesy of Cameron University.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20112
Research Universities FAFSA Number Tuition Mandatory Fees
Oklahoma State University, Stillwater and Tulsa 003170 $143.45 $93.45
University of Oklahoma, Norman 003184 $128.30 $109.18
OU Health Sciences Center, Oklahoma City and Tulsa 005889 $128.30 $69.33
Regional Universities FAFSA Number Tuition Mandatory Fees
Cameron University, Lawton and Duncan 003150 $103.50 $49.50
East Central University, Ada 003154 $114.81 $40.30
Langston University, Langston 003157 $97.00 $40.05
LU, Oklahoma City 003157 $97.00 $31.05
LU, Tulsa 003157 $97.00 $35.55
Northeastern State University,
Tahlequah, Broken Arrow and Muskogee 003161 $116.50 $36.90
Northwestern Oklahoma State University,
Alva, Enid and Woodward 003163 $132.25 $20.75
Oklahoma Panhandle State University, Goodwell 003174 $104.50 $66.80
Rogers State University, Bartlesville, Claremore and Pryor 003168 $100.75 $58.45
Southeastern Oklahoma State University, Durant 003179 $137.55 $22.55
SEOSU, Idabel (Lower-Division Courses) 003179 $137.55 $0.00
SEOSU Aviation Program at OCCC 003179 $173.00 $0.00
SEOSU, Grayson County, Texas 003179 $120.75 $0.00
Southwestern Oklahoma State University, Weatherford 003181 $122.00 $31.00
SWOSU, Sayre 003181 $122.00 $26.00
University of Central Oklahoma, Edmond 003152 $139.20 $18.05
University of Science and Arts of Oklahoma, Chickasha 003167 $129.00 $39.00
Community Colleges FAFSA Number Tuition Mandatory Fees
Carl Albert State College, Poteau and Sallisaw 003176 $55.00 $28.00
Connors State College, Warner and Muskogee 003153 $70.14 $29.75
Eastern Oklahoma State College, Wilburton and McAlester 003155 $79.47 $27.20
Murray State College, Tishomingo 003158 $92.00 $14.67
Northeastern Oklahoma A&M College, Miami 003160 $67.85 $31.98
Northern Oklahoma College, Tonkawa and Enid 003162 $61.80 $23.95
NOC, Stillwater 003162 $61.80 *$90.27
Oklahoma City Community College 010391 $71.55 $23.45
Redlands Community College, El Reno 003156 $106.00 $0.00
Rose State College, Midwest City 009185 $75.00 $19.97
Seminole State College, Seminole 003178 $68.55 $39.15
Tulsa Community College 009763 $72.55 $29.45
Western Oklahoma State College, Altus 003146 $62.50 $32.85
Technical Branches FAFSA Number Tuition Mandatory Fees
OSU Institute of Technology, Okmulgee (Lower-Division Courses) 003172 $101.50 $33.50
OSU-Oklahoma City (Lower-Division Courses) 009647 $85.30 $21.67
Higher Education Center Tuition Mandatory Fees
Ardmore Higher Education Center, Ardmore (Lower-Division Courses) $120.00 $3.67
*NOC, Stillwater has $1,110 mandatory pass-through fees to OSU
For more information, call the Student Information Hotline at 800.858.1840 (225.9239 in Oklahoma City), email studentinfo@osrhe.edu or visit www.OKcollegestart.org.
OKLAHOMA
PUBLIC COLLEGES AND UNIVERSITIES
T
uition and Mandatory Fees Per Credit Hour for 2011-12 (Oklahoma Residents)GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20113
College is an investment in your future that you should be planning for now. You are fortunate to live in Oklahoma, where state colleges and universities are among the most affordable in the nation. Plus, Oklahoma has many resources available to help you and your family plan for and manage the cost of earning a college degree.
Did you know that during 2008-09 students attending Oklahoma public and independent (private) colleges and universities received financial aid totaling $1.5 billion? There is a good chance you will qualify for financial aid!
TYP
ES OF FINANCIAL AID
Fortunately, there are many kinds of student financial aid to help you and your family manage the cost of college. While your high school guidance counselor can give you specific financial aid information, the following are some general sources of financial aid.
Scholarships – awards given for a variety of reasons, such as good grades, special talents or career plans
Grants – aid that’s based on financial need and that doesn’t have to be repaid
Work-study (student employment) – money you earn for college by working part time at the college or university you are attending or at an approved off-campus worksite in the community
Loans – borrowed money that you must repay over time, with interest
G
ETTING FINANCIAL AID
One way to get started on a financial plan for college is to take advantage of a free online service called the ACT Financial Aid Need Estimator at www.act.org/fane. The estimator can help your family plan to meet college costs at specific institutions by estimating your family’s contribution, your eligibility for federal need-based financial aid and the amount of other financial aid you will need.
Here are five more helpful tips for locating sources of financial aid:
To apply for federal financial aid (grants, work-study and loans) 1. and the Oklahoma Tuition Aid Grant (OTAG) program, you must complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after Jan. 1 during your senior year in high school and each year you need aid in college. Call the financial aid office of the college(s) you plan to attend to learn about any additional forms they may require. The FAFSA is available online at www.fafsa.gov, and families are encouraged to use this method of application (step-by-step instructions are provided on the site). Paper copies may
money for college
be available from college financial aid offices or high school guidance counselors. Remember, the first F in FAFSA stands for “free.” Be wary of any organization that requires you to pay to fill out the FAFSA!
Check for scholarships sponsored by local organizations, including 2. your church, parent’s employer, and community groups such as the American Legion, YMCA, 4-H Club, Elks, Masons, Kiwanis, Jaycees, Chamber of Commerce and the Girl or Boy Scouts. Your high school counselor can help you explore scholarship opportunities in your area.
Contact the admissions or financial aid office at the colleges you 3. are interested in attending. Many colleges and universities offer scholarships to recognize academic achievement or special talents, such as athletics or performing arts. Much of this information is available on colleges’ websites.
Search the Internet for helpful financial aid information. To start, 4. visit www.OKcollegestart.org, www.ocap.org, www.finaid.org, www.studentaid.ed.gov, www.mappingyourfuture.org, and www.fastweb.com. Avoid online scholarship searches or agencies that charge fees for their services. All the information you need is available free of charge.
It’s best to use savings or free financial aid to pay for college, but 5. that’s not always possible or enough to cover college expenses. You might need to borrow money to pay for your education. But don’t worry – there are many resources to help. The federal government offers inexpensive student loans with flexible repayment terms. Be sure to exhaust all federal loan options before considering “private” or “alternative” loans, which can have higher interest rates and fewer flexible repayment options. For more information, contact the Oklahoma College Assistance Program, an operating division of the Oklahoma State Regents for Higher Education that provides college access, financial literacy and student loan management programs and services for students and parents, at 800.442.8642 or visit www.ocap.org.
FINANCIAL AID PROGRAMS
There are numerous state and federal programs to help you pay for college. Many of them are listed on the following pages. For more information, visit www.OKcollegestart.org or call the Student Information Hotline at 800.858.1840 or 225.9239 in Oklahoma City.
OKLAHOMA
TUITION AID GRANT PROGRAM (OTAGOTAG)
OTAG is a need-based grant program for Oklahoma residents who attend approved colleges, universities and career technology centers in Oklahoma. Awards are approved for full-time or part-time undergraduate students.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20114
Applicatcatcation
Application is made through the Free Application for Federal Student Aid (FAFSA) available online at www.fafsa.gov, through high school guidance counselors or the financial aid office at the college you are planning to attend. For best consideration, you should complete and submit the FAFSA to the federal student aid application system as soon as possible after Jan. 1 of your senior year. IT IS IMPORTANT TO APPLY EARLY. Typically, the OTAG program receives more eligible applications than can be awarded with available funds, and how early a student applies can be the deciding factor in whether that student is offered an OTAG award.
Eligibility
Financial need is measured by the Expected Family Contribution (EFC), which is determined based on the information the student provides on their FAFSA. The maximum EFC eligible to receive OTAG may vary from year to year based on volume of eligible applications received and available state funding. The EFC appears on the Student Aid Report sent to students by the U.S. Department of Education once their FAFSA has been processed. An award will not be denied for academic reasons as long as the college’s minimum requirements for admission are fulfilled and satisfactory academic progress is made according to the school’s policy for student financial aid recipients.
Awarard Amount
Currently, the maximum annual award is the lesser of 75 percent of enrollment costs or $1,000 for students attending public colleges, universities or career technology centers and $1,300 for students attending eligible private colleges and universities. One-half of the award is disbursed in the fall semester, and one-half is disbursed in the spring semester. Funds are released to eligible students by campus officials after eligibility has been confirmed.
For More Informationnformation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.otag.org
OKLAHOMA
TUITION EQUALIZATIONATION GRANT (OTEG)OTEG is a need-based grant program for Oklahoma residents enrolled as full-time undergraduates at Oklahoma not-for-profit, private/independent institutions of higher education.
Eligibility
To be eligible for OTEG award consideration, a student must:
File a Free Application for Federal Student Aid (FAFSA) and • report Oklahoma as his/her state of legal residence.
Be enrolled full-time in the fall and/or spring semesters.•
Have a family income of $50,000 or less.•
Be an Oklahoma resident according to the State Regents’ Policy • on Residence Status of Enrolled Students in the Oklahoma State System of Higher Education.
Meet the institution’s satisfactory academic progress • requirements.
Not have already earned a bachelor’s degree.•
Not have already received OTEG awards for five years.•
Awarard Amount
Participating colleges and universities will each select the students to receive the award at their institution.
Grant amounts are $2,000 per academic year or $1,000 per • academic semester.
Institutions will notify students of their awards.•
For More Informatation
Oklahoma Tuition Equalization Grant Program
877.662.6231
225.9456 (Oklahoma City area)
www.OKcollegestart.org/Financial_Aid/Types_of_Aid/Grants/Grants.aspx
OKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMA
’
S
PROMISPROMISPROMISPROMISPROMISPROMISE (OKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMA HIGHHIGHHIGHHIGHER LeLearning ACCACCACCESSSS PROGRAMPROGRAMPROGRAMPROGRAMPROGRAMPROGRAMPROGRAM)
The Oklahoma Legislature created a scholarship program that will help pay for a student’s education if his or her parents’ total yearly income is not more than $50,000 at the time of application and not more than $100,000 at the time the student goes to college. That program is called Oklahoma’s Promise.
How it Works
Student must be an Oklahoma resident and enroll in the program • in eighth, ninth or 10th grade (home-schooled students age 13, 14 or 15). Student starts early so he/she can get ready for college by taking high school courses that will help him/her do well.
Student must take certain courses and pass those courses with • at least a 2.5 cumulative GPA. (See below for a full description of required curriculum.)
Student must achieve at least a 2.5 cumulative GPA for all • courses in grades 9-12.
Student must go to class regularly and do his/her homework.•
Student also agrees to stay out of serious trouble and away from • drugs and alcohol.
Student must be a U.S. citizen or lawfully present in the United • States to receive the scholarship in college.
Student must meet additional financial, academic and conduct • requirements to keep the scholarship after enrolling in college.
W
HAT ARE THE BENEFITS?
Once a student has completed the program’s goals and graduated from an Oklahoma high school, Oklahoma’s Promise will help pay the student’s tuition at a public community college or university. It will also cover a portion of tuition at an accredited Oklahoma private college or university or for courses at public technology centers that are approved for credit toward an Associate of Applied Science degree at a public college. The scholarship is good for up to five years or until the student completes a bachelor’s degree, whichever GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20115
comes first. The final amount of the scholarship will vary depending on where the student attends college, the tuition rates in effect at that time and whether he or she attends full-time or less.
How ParePareParents Can Help
Parents should encourage the student to do well in his or her courses and to stay out of trouble. When the student signs up for the program, the parents also sign an agreement and promise to help their child successfully reach the goals of the program.
Requirered High SchSchSchool Currurrurricuculum for Oklahahoma’s PrPromise Eligibility1
Parents should encourage the student to do well in his or her courses and to stay out of trouble. When the student signs up for the program, the parents also sign an agreement and promise to help their child successfully reach the goals of the program.
4 English (grammar, composition, literature)
3 Lab Science (biology, chemistry, physics or any lab science certified by the school district; general science with or without a lab may not be used to meet this requirement)
3 Mathematics (from Algebra I, Algebra II, geometry, trigonometry, math analysis, calculus, Advanced Placement [AP] statistics)
3 History and Citizenship Skills (including one unit of American history and two units from the subjects of history, government, geography, economics, civics and/or non-Western culture)
2 Foreign or non-English language (two years of the same language) OR Computer Technology (Courses in programming, hardware and business computer applications such as word processing, databases, spreadsheets and graphics will qualify. Keyboarding or typing classes DO NOT qualify.) (1 foreign language and 1 computer technology course WILL NOT meet this requirement.)
1 Additional course of any of the subjects listed above
1 Fine Arts (music, art, drama) or Speech
17 Total Units
1 Students graduating from a non-accredited high school and home-schooled students must ALSO achieve a composite score of 22 or higher on the ACT test.
For More Informatation
Oklahoma’s Promise
Oklahoma State Regents for Higher Education
800.858.1840
225.9152 (Oklahoma City area)
okpromise@osrhe.edu
www.okpromise.org
ACAD
EMIC SCHOLARS PROGRAM
The Academic Scholars Program was created and funded by the Oklahoma Legislature as an incentive for students of high academic ability to attend both public and private higher education institutions in Oklahoma. The program was created to enhance the academic environment, to retain academically talented students within Oklahoma and to attract others of equal talent to the state.
Applicatcatcation
Applications are available every October and can be obtained by contacting the State Regents’ office. The applicant must qualify prior to college entry.
Eligibility
Residents of Oklahoma automatically qualify by scoring within the 99.5 to 100.0 percentile levels on the ACT or SAT as administered in the state of Oklahoma. For students entering the program fall 2010, the minimum ACT sum of scores required is 133. The sum of scores required is subject to change each year. Students will need to contact the State Regents’ office to verify the sum of scores required to qualify for the program. The test scores must be from a single national test date. Partial scores from more than one examination will not be considered.
Residents also automatically qualify by achieving one of the following designations: National Merit Scholar, National Merit Finalist or United States Presidential Scholar. Non-residents may qualify for the program by achieving designation as a National Merit Scholar, National Merit Finalist or United States Presidential Scholar. However, out-of-state student participation is limited, and achieving such a designation does not automatically qualify students for the program.
INSINSINS
TITUTIONIONIONAL NOMINNOMINNOMINNOMINNOMINEE
State public colleges and universities may nominate students attending their institutions for the Academic Scholars Program based on criteria established by each individual institution. Nominees will be selected through the normal admission and/or scholarship application at the institution.
Awarard Amount
The amount of the award varies according to the type of institution the student attends and qualifying status. The annual scholarship amount for Automatic Qualifiers is $5,500 for students who attend Oklahoma State University, the University of Oklahoma or The University of Tulsa; $4,000 for students who attend any other Oklahoma four-year public or private college or university; and $3,500 for students who attend Oklahoma community colleges.
The annual scholarship amount for Institutional Nominees is $2,800 for students who attend Oklahoma State University, the University of Oklahoma or The University of Tulsa; $2,000 for students who attend any other Oklahoma four-year public or private college or university; and $1,800 for students who attend Oklahoma community colleges. GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20116
Students who enroll at public universities and colleges are eligible for a tuition waiver in addition to the scholarship award noted above.
The scholarship will be awarded for up to eight semesters of attendance at an Oklahoma institution of higher education in accordance with the continuing eligibility requirements.
Criterterteria for Continueued Eligibility
Participants awarded a scholarship must maintain a 3.25 cumulative GPA. A program year is defined as beginning in the fall semester and continuing through the summer term. Scholarship recipients must maintain full-time enrollment each semester. Full-time enrollment shall mean a minimum of 12 hours per semester and 24 hours in the two regular semesters.
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okhighered.org/academic-scholars
R
EGIONAL UNIVERSITY BACCALAUREATATE SCHOLARSHIP
This scholarship enables 11 participating public universities to provide up to four years of scholarship support to academically promising Oklahoma students enrolled in a baccalaureate program. Each participating institution may nominate up to 15 freshman awardees per year.
Regional Universities
Cameron University, East Central University, Langston University, Northeastern State University, Northwestern Oklahoma State University, Oklahoma Panhandle State University, Rogers State University, Southeastern Oklahoma State University, Southwestern Oklahoma State University, University of Central Oklahoma, and the University of Science and Arts of Oklahoma.
Applicatcatcation
Application is made directly through the university the student plans to attend. The application deadline will vary for each institution.
Eligibility
Applicants must be Oklahoma residents.•
Applicants must meet one of the following criteria defined • below:
a. have an ACT composite score of at least 30 and a GPA and class rank which are exceptional, as determined by the institution OR
b. be a National Merit Semifinalist or a National Merit Commended Student as designated by the National Merit Scholarship corporation.
(Only ACT and SAT test scores from tests administered on national test dates will be considered for admission to the program.)
Awarard Amount
The annual award amount is $3,000. Each awardee will also • receive a resident tuition waiver from the institution.
The scholarship is available for up to eight semesters of study • in a baccalaureate program at a regional university or until the student is granted a baccalaureate degree, whichever occurs first.
The scholarship award may be used only at the university • making the award; it is not portable.
Criterterteria for Continueued Eligibility
Participants awarded a scholarship must maintain a 3.25 cumulative GPA. A program year is defined as beginning in the fall semester and continuing through the summer term. Scholarship recipients must maintain full-time enrollment each semester. Full-time enrollment shall mean a minimum of 12 hours per semester and 24 hours in the two regular semesters.
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
RO
BERTRT C. BYRD HONORS SCHOLARSHIP PROGRAM
The Robert C. Byrd Honors Scholarship Program is federally funded to promote student excellence and achievement and to recognize exceptionally able high school seniors who show promise of continued academic excellence and achievement. Students are selected to receive scholarships based on meeting eligibility criteria and completion and evaluation of an application. An equal number of “Byrd Scholars” are selected annually to represent each of Oklahoma’s five congressional districts. This program is administered by the Oklahoma State Department of Education.
Applicants must meet the following criteria in order to be eligible to compete for the Byrd Scholarship:
Be a U.S. citizen or national or be a permanent resident of the • United States.
Be a legal resident of Oklahoma.•
Be a senior enrolled in full-time coursework leading to high • school graduation.
Have applied to or been accepted for admission as a full-time • student by an institution of higher education.
Be able to meet academic criteria as stated in the scholarship • application (this includes GPA, ACT/SAT, and/or GED scores).
Must not be in default on a previous federal loan, scholarship • or grant.
Must not have been declared ineligible to receive federal • assistance as a condition of sentencing under Section 5301 of the Anti-Drug Abuse Act of 1988.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20117
Awarard Amount
“Byrd Scholars” receive $1,500 for the first year of study at an eligible postsecondary institution. Scholarships are renewable for up to three additional years of study provided students continue to meet eligibility standards as defined by the institutions they are attending.
For More Informationnformation
Oklahoma State Department of Education
Professional Services Division
Oliver Hodge Building
2500 N. Lincoln Blvd.
Oklahoma City, OK 73105-4599
405.521.2808
www.sde.state.ok.us/Finance/Scholarships/Byrd/
FUTURE TEACHERS SCHOLARSHIP PROGRAM
The Future Teachers Scholarship Program was established by the Oklahoma State Regents for Higher Education as an incentive to encourage the preparation of teachers in critical shortage areas in the public schools of Oklahoma.
Criticacal Teachereachereachereachereachereacher ShShortartartage Areareas
Science•
English•
Music•
Early Childhood Education•
Foreign Language (Spanish)•
Applicatcatcation
A new application must be submitted each academic year.•
Application deadlines are established by individual institutions. • Completed applications are to be submitted to the nominating institution. The following documentation is required:
a. First-time freshmen must submit a copy of their high school transcript and ACT or SAT score, whichever is applicable.
b. Students who have attended a postsecondary institution must submit official transcripts from all institutions attended.
c. All students must submit the essay portion of the application on a separate sheet.
Institutions will submit scholarship candidates and alternates in • priority order to the State Regents’ office.
The State Regents’ office will notify institutions of awards.•
ELIGIBILITY
The student must be a resident of Oklahoma.•
The student must be nominated by the college in which they are • enrolled on the basis of one of the following criteria:
a. cumulative high school GPA ranking in the top 15 percent of his or her high school graduating class OR
b. ACT or SAT score ranking in the top 15 percent for high school graduates of the same year OR
c. admission to a professional education program at an accredited Oklahoma institution of higher education OR
d. an undergraduate record of outstanding success, as defined by the institution.
Full-time and part-time students are eligible for the scholarship; • however, highest priority will be given to full-time students.
Scholarship recipients must maintain no less than a 2.5 • cumulative GPA.
Each recipient must agree to teach in a shortage area in • Oklahoma public schools for a minimum of three consecutive years upon graduation and licensure as a teacher.
Recipients may receive the scholarship for not more than four • years, or the equivalent of four years, of full-time study.
Awarard Amount
An award amount for each nominated student will be determined by the college the student attends. The following annual award limits have been set by the State Regents:
HOURS COMPLETED maximum TOWARD annualENROLLMENT BACCALAUREATE AWARDFull-Time 60 hours and above $1,500Full-Time Less than 60 hours $1,000Part-Time 60 hours and above $750Part-Time Less than 60 hours $500For purposes of this program, full-time enrollment means not less than 12 credit hours per semester for undergraduates and not less than nine credit hours per semester for graduate students. Part-time enrollment means not less than six credit hours per semester.
FOr More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
G
EORGE AND DONNA NIGH PUPUBLICLICLIC SERVICICE SCHOLARSHIP
The George and Donna Nigh Public Service Scholarship was established by the 1999 Oklahoma Legislature to provide scholarship opportunities to outstanding students who are preparing for careers in public service. A component of the scholarship program is participation in seminars on public service offered by the Nigh Institute. Each college and university may nominate one scholarship recipient per year.
Applicatcatcation
Presidents of Oklahoma colleges and universities will be invited to submit a nominee for consideration of award prior to the beginning of the spring semester. An advisory committee appointed by the Nigh Institute will review and approve the nominations and make announcement of awards.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20118
Eligibility
Scholarship recipients must be residents of the state of • Oklahoma as determined by the State Regents.
Scholarship recipients must be enrolled full-time in an • undergraduate program at a public or private college or university in the state of Oklahoma.
Scholarship recipients must be enrolled in a degree program • leading to a career in public service as determined by the institution.
Students receiving the scholarship must demonstrate • exceptional academic achievement as evidenced by a number of factors, which may include GPA, class rank, national awards, scholastic achievement, honors, teachers’ recommendations and the applicant’s involvement in extracurricular activities.
Amount of SchSchScholararship
The scholarship award amount is $1,000.•
Scholarships will be awarded on a yearly basis and are not • renewable.
Each participating college or university may nominate one • scholarship recipient each year.
For More Informatation
Nigh Institute
Attn: Carl F. Reherman
Kirkpatrick Bank
3001 E. Memorial Road
Edmond, OK 73013
405.818.0414
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
SCHOLARS
FOR EXCELLENCE IN CHILD CARE PROGRAM
The Scholars Program awards scholarships to eligible child care professionals to complete coursework in the area of child development or early childhood education. These scholarships enable child care providers in Oklahoma to attend a technology center or community college to improve their skills through education.
Applicatcatcation
Eligible child care providers may apply for the:
Career Technology Center Scholarship Early Education: Pathway • to CDA for coursework offered at area technology centers and online.
Community College Scholarship for coursework in the area of • child development or early childhood education leading toward a CDA Credential, Certificate of Mastery, Director’s Certificate of Mastery*, Director’s Certificate of Completion, and/or an associate degree in child development or early childhood education offered at local community colleges.
Career Technology Center Scholarship applications may be obtained by calling 405.225.9396 or 866.343.3881. Community College Scholarship applications may be obtained through the Scholars Program scholar coordinator at each of the local community colleges in Oklahoma. Scholarship applications can also be obtained by calling 405.225.9395 or 866.343.3881 or visit the website at www.okhighered.org/scholars.
Eligibility
To qualify for the Scholars for Excellence in Child Care program, child care professionals must:
Work in a one-star plus or above OKDHS or tribal-licensed • child care facility with a minimum of 10 percent subsidy children at time of application.
Work as a teacher, family child care provider, or director at • least 30 hours per week earning $15.50 or less per hour.
Be employed at a child care facility at least three months before • beginning coursework or have taken Entry Level Child Care Training (ELCCT).
Note: Due to the availability of education and training funds, employees from federally funded child care programs are not eligible to participate in the scholarship. Additionally, employees from school-age programs are not eligible to participate in the scholarship at this time.
Awarard Amount
Tuition scholarship recipients receive 80 percent of tuition and fees and 100 percent of books (after other financial aid has been applied) for required courses toward Pathway to CDA coursework, a child development associate (CDA) Credential, Certificate of Mastery, Director’s Certificate of Mastery,* Director’s Certificate of Completion, and/or an associate degree in child development or early childhood education.
*Offered at Oklahoma State University-Oklahoma City
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okhighered.org/scholars
He
roes Promise
House Bill 1343 became effective July 1, 2011, creating a special tuition scholarship for children of Oklahoma military personnel who were killed in action after Jan. 1, 2000.
Eligibility
The scholarship is available to children of any person killed after Jan. 1, 2000, in the line of duty in any branch of the U.S. Armed Forces or who died after Jan. 1, 2000, as a result of an injury sustained while in the line of duty in any branch of the U.S. Armed Forces.
The person who was killed or died must have filed an individual • or joint Oklahoma income tax return for the tax year prior to the year during which the person was killed or died.
The student must be an Oklahoma resident. • GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20119
The student must enroll within the Oklahoma State System of • Higher Education prior to reaching the age of 21.
AWARD AMOMOUNT
Heroes Promise will help pay the student’s tuition at a public community college or university. It will also cover a portion of tuition at an accredited Oklahoma private college or university or for courses at public technology centers that are approved for credit toward an Associate in Applied Science degree at a public college. The scholarship is good for up to five years or until the student completes a bachelor’s degree, whichever comes first. The final amount of the scholarship will vary depending on where the student attends college, the tuition rates in effect at that time and whether he or she attends full time or less.
For More Informatation
Heroes Promise
Oklahoma State Regents for Higher Education
800.858.1840
405.225.9131 (Oklahoma City area)
studentinfo@osrhe.edu
www.OKcollegestart.org
TUITION
WAWAiVERS
COLLEGE-AWARDED TUITION WAIVER SCHOLARSHIPS
State Regents’ policy authorizes each institution in the Oklahoma State System of Higher Education to provide for tuition waiver scholarships on the basis of financial need, scholastic aptitude and achievement, academic discipline or field of study, student activity participation and academic level. State system institutions are also required to waive resident tuition for individuals who meet specific criteria.
S
TATE-AUTHORIZED TUITIONIONION WAIVIVERS
In addition to tuition waiver scholarships awarded by Oklahoma public colleges and universities, resident tuition will be waived fully or partially for the following:
Senior citizens who wish to audit courses (includes a waiver of • special fees and activity fees)
POWs, MIAs and their dependents•
Dependents of peace officers and firefighters killed in the line • of duty
Exchange students on a reciprocal basis•
Graduate assistants, either resident or non-resident, with at • least a one-quarter time graduate assistantship
Academic Scholars Program awardees•
Regional University Baccalaureate Scholarship awardees•
Army or Air National Guard members in good standing•
Independent Living Act – Department of Human Services • dependents who meet specific criteria
Benefits-eligible employees at institutions in the Oklahoma • State System of Higher Education
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
www.OKcollegestart.org
national guard tUITION WAIWAIVERS
The Oklahoma National Guard Tuition Waiver is established as an incentive for qualified men and women to join the Oklahoma National Guard and as a means to retain skilled, productive citizens within the state.
Applicatcatcation
The student is required to submit a Statement of Understanding and Certificate of Basic Eligibility each semester for which he or she is applying for the waiver. The certification form is to be signed by a commander or representative of the Oklahoma National Guard. This signature certifies that the student is in good standing with the National Guard and that the National Guard member agrees to abide by all program rules and procedures. The form is to be forwarded by the student to the institution he or she wishes to attend by the deadline determined by the institution.
Eligibility
A student who is a member of the Oklahoma National Guard shall be eligible for a full resident tuition waiver, provided the student:
Is a bona fide member of the Oklahoma National Guard at • the beginning of the semester for which he or she is applying for a scholarship or by the scholarship application deadline determined by the institution.
Has been certified as a member in good standing by the adjutant • general.
Is an Oklahoma resident or a non-resident student who is an • active member of the Oklahoma National Guard.
Does not currently hold a baccalaureate or graduate degree.•
Meets all admission and retention requirements of the • institution.
Enrollment Requirements
A student meeting all of the program eligibility requirements will be awarded a full resident tuition waiver, provided the student:
Is enrolled in a program of study leading to an associate degree • or a baccalaureate degree.
Is enrolled in a minimum of three hours per term.•
Has submitted a plan for the completion of his or her degree with • the Oklahoma National Guard. Waivers will not be awarded for courses leading to a certificate, continuing education courses or career technology courses that are not counted toward a degree program at another institution. Concurrently enrolled high school students are not eligible for this tuition waiver. The tuition waiver is not applicable to professional programs that do not require an earned degree.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201110
Awarard Amount
A resident tuition waiver covers the cost of resident tuition for all courses for which resident tuition is charged. A non-resident student waiver will cover the non-resident portion only of the tuition charged by Oklahoma public college and universities. The student is responsible for all other fees, such as special course fees, student activity and facility fees, and assessment fees.
A student may receive a waiver for a maximum of 18 semester credit hours each semester, for up to six years from the date of first application.
For More Informatation
Oklahoma National Guard
800.GO.GUARD
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
IND
EPENDENT LIVING ACT (FOSTER CARE TUITION WAIWAIVER)
The Independent Living Act was established by the 2000 Oklahoma Legislature to ensure that eligible individuals who have been or are in the foster care program of the Department of Human Services receive services that include housing, medical coverage and education. The first recipients of the tuition waivers were 1999-2000 high school graduates.
Eligibility
Student must have graduated within the previous three years • from a high school accredited by the State Board of Education, the Oklahoma School of Science and Mathematics or a high school bordering Oklahoma as approved by the State Board of Education OR the student must have completed the General Educational Development (GED) requirements.
Tuition waivers are available to students up to 21 years of • age who have been in DHS custody for at least nine months between the ages of 16 and 18.
Student must be enrolled in a public college or university or • certain programs at technology centers.
Tuition waivers will be made available to eligible students up to • 26 years of age or upon completion of a baccalaureate degree or program certificate, whichever comes first.
Awarard Amount
A resident tuition waiver covers the cost of resident tuition for all courses for which resident tuition is charged. The student is responsible for all other fees, such as special course fees, student activity and facility fees and assessment fees.
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
T
EACHER SHORTAGSHORTAGSHORTAGE EMPLOYMENT INCENTIVE PROGRAM (TSEIP)
Students must fill out a Participation Agreement Form available through their college or university education department or by calling the State Regents’ Minority Teacher Recruitment Center at 800.858.1840. (Students may sign up as early as their freshman year but should note that teacher employment must be achieved within 16 months of graduating from a four-year institution.)
The participation form must be completed and signed before graduation and submitted to the college or university TSEIP coordinator no later than the date of the student’s graduation from a four-year institution in Oklahoma.
The State Regents’ office will notify applicants of application receipt, educational loan obligations and any qualifying disbursement benefit opportunities through TSEIP.
SPECIAL NOTE: Participants cannot be certified to teach math or science prior to signing the Participation Agreement Form. Applicants must enroll no later than the date of their graduation to be eligible.
Eligibility
Individuals must declare an intention to teach in Oklahoma • and graduate from an Oklahoma-accredited teacher education program.
Individuals must complete the TSEIP Participation Agreement • no later than the date of their graduation. The agreement form can be obtained from the TSEIP coordinator at each postsecondary institution.
Individuals must maintain satisfactory progress in an academic • program leading to an undergraduate or graduate degree in math or science education.
Individuals must complete an approved program of professional • teacher education that includes a student teaching requirement that leads to a certificate to teach math or science at the secondary level.
Alternative or emergency certificates will not qualify.•
Individuals must be employed to teach either science or math in • a secondary classroom at least 75 percent of the time within 16 months of graduating from an accredited university.
Individuals must complete the first full year of eligible full-• time teaching service by 25 months from their graduation date from a four-year college or university.Photo courtesy of Rose State College.
GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201111
Awarard Amount
The annual award is based on a formula not to exceed three times the average annual cost of undergraduate resident tuition and fees at institutions that offer teacher education. The amount for the 2008-09 award was $13,602. Students who participate in TSEIP but do not have outstanding loan obligations will receive a cash payment after five years of teaching.
Eligible StuStudent Loan PrPrograrams for TSEIPIP Reimburburbursement
Stafford Student Loans/Guaranteed Student Loans•
Perkins/National Direct Student Loans•
Loans made pursuant to the federal Supplemental Loans for • Students program including CLAS
Consolidation Loan Program loans•
Privately funded educational loans issued to students through • colleges or universities
NOTE: Parent Loans for Students (PLUS) are not eligible.
For More Informatation
Contact the education department at your college or university, call the State Regents’ Minority Teacher Recruitment Center at 800.858.1840 or visit the website at www.cashforteachingok.org.
SR
EB ACADEMIC COMMON MARKET
The Academic Common Market (ACM) is an arrangement among Southern states allowing Oklahoma students to pay in-state tuition rates at out-of-state colleges or universities while studying in select programs not available at Oklahoma public institutions. The tuition savings to Oklahoma residents who participate in the ACM, as compared to those who enroll as out-of-state students, vary by institution.
Applicatcatcation
Contact the out-of-state college or university for information concerning admission into programs accessible via the ACM. The number of programs offered through the ACM is frequently updated, so visit the ACM list at http://home.sreb.org/acm/choosestate.aspx for the most recent list of accessible programs. Once you have been unconditionally accepted into one of these programs, complete and submit an ACM Application and Residency Certification Form to the address below, along with a copy of your letter of acceptance/admission into the program. The form can be obtained from the ACM state coordinator for Oklahoma or at www.okhighered.org/acm.
If the program is offered in the ACM inventory, and it is determined that you are a resident of Oklahoma, a letter of certification will be sent to you and a copy provided to the appropriate official at the institution. This will qualify you for a waiver of out-of-state fees.
If there is interest in a program that is not on the current list of available programs, a request may be made that the program be reviewed for possible inclusion. In order to do so, the following must be submitted: a copy of the letter of acceptance into the specific program; the completed Application and Residency Certification Form; and curricular information about the program, including course descriptions and credit hour requirements.
Eligibility
An individual must demonstrate residence in Oklahoma.•
Students must be accepted into a program of study not offered • at an Oklahoma public college or university and listed in the ACM inventory for Oklahoma residents. ACM guidelines stipulate that only those programs that differ in curricular content by at least 50 percent from programs offered in the state may be included.
Students who still have outstanding “provisions” or conditions • to fulfill their admissions requirements must complete their obligations and provide evidence of full admission before applying for ACM.
Applicants must complete and submit the ACM Application • and Residency Certification Form.
Institutions set policy regarding any institutionally imposed • deadline for the payment of tuition. ACM students not accepted or certified within the deadline for payment may have to wait until the next tuition payment period to receive the out-of-state fee waiver or in-state status. Although Oklahoma accepts ACM applications year-round, you should apply at least two months before institutional deadlines to allow for processing time.
For More Informatation
Debbie Blanke
State Coordinator, Academic Common Market Program
Oklahoma State Regents for Higher Education
P.O. Box 108850
Oklahoma City, OK 73101-8850
405.225.9170
www.okhighered.org/acmGRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201112
STASTA
FF
ORD
LOAN FORGIVENESS PROGRAM FOR TEACHERS
The Stafford Loan Forgiveness Program for Teachers is intended to encourage individuals to enter the teaching profession and serve in designated low-income communities. Under this program, the Department of Education repays all or a portion of a borrower’s Stafford Loan obligations. To be eligible for this forgiveness program, a borrower must be a “new borrower” on or after Oct. 1, 1998, and must teach for five consecutive complete years and meet other requirements. For a complete list of eligibility criteria, borrowers may contact their loan holder or guarantor. For more information, visit www.ocap.org or www.studentaid.ed.gov or call 800.4.FED.AID.
FEDERAL FINANCIAL AID PROGRAMS
To apply for federal financial aid (grants, work-study and loans), you must complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after Jan. 1 during your senior year of high school and each year you need aid for college. The FAFSA is available online at www.fafsa.gov, and families are encouraged to use this method of application (step-by-step instructions are provided on the site). Paper copies may be available from college financial aid offices or high school guidance counselors. Additional information is available at www.studentaid.ed.gov.
FEDERAL PELL GRANT
The Pell Grant is a need-based grant to help undergraduates pay for their education after high school. The award does not have to be repaid. An undergraduate is a student who has not earned a bachelor’s or graduate degree. The maximum annual award for the 2011-12 academic year is $5,550, but awards can be less depending on the student’s actual financial need.
FEDERAL SUPPLPPLPPLEMENTAL EDUCATIONIONIONAL OPPOOPPOOPPOOPPORTUNINITY GRANTS (FSEOGOG)
The FSEOG is an assistance program administered directly by the financial aid office at each participating school (a campus-based program). The FSEOG is gift aid for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFC) will receive priority. The award amount can be between $100 and $4,000 per year.
TEACHER EDUCATIONIONION ASSISSSISSSISSSISTANCE FOR COLLOLLOLLEGE ANDND HIGIGHER EDUCATIONIONION (TEACH) GRANT
The TEACH Grant is authorized in the College Cost Reduction and Access Act. It provides grants of $16,000 (up to $4,000 per year) to undergraduate students and $8,000 for graduate students at participating institutions who agree to teach in hard-to-staff fields in a public or private elementary or secondary school that serves students from low-income families.
FEDERAL WOWORK-STUDYDY
The Federal Work-Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay educational expenses. The program encourages community service employment and work related to the recipient’s course of study. Payment is made by the hour for undergraduates. Graduates can be paid hourly or receive a salary. All students must be paid at least the federal minimum wage.
FEDERAL PERKINSKINSKINSKINS LOLOANSNS
Perkins Loans are low-interest (5 percent) loans for undergraduate, graduate and professional students with financial need. These loans are offered through a participating school’s financial aid office, and the school acts as the lender. Up to $5,550 may be borrowed for each year of undergraduate study, while up to $8,000 may be borrowed for each year of graduate or professional study.
DIDI
RE
CT SUBSIDISIDISIDISIDIZED LOLOANSNS
Direct Subsidized Loans are low-interest, need-based loans made to undergraduate, graduate and professional students attending school at least half-time. Interest is paid by the federal government while the borrower is attending school, during the six-month grace period and during specific loan deferment periods. Repayment begins six months following a borrower’s graduation or when the borrower ceases to be enrolled at least half-time.
DIDI
RE
CT UNSNSUBSIDISIDISIDISIDIZED LOLOANSNS
Direct Unsubsidized Loans are low-interest, non-need-based loans made to undergraduate, graduate and professional students attending school at least half-time. Borrowers are responsible for all interest accrued on unsubsidized loans from the date the loan is disbursed, including the time that the borrower attends school, during the grace period and during periods of deferment. Repayment begins six months following the borrower’s graduation or when the borrower ceases to be enrolled at least half-time.
Photo courtesy of Eastern Oklahoma State College.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201113
DIDI
RE
CT PLPLUS LOLOANSNS
Direct PLUS Loans are made to parents of dependent undergraduate students and to graduate or professional students. These loans are not based on financial need. The amount that can be borrowed depends on the school’s cost of attendance and any other financial aid that the student may receive, including other loans. Applicants with unfavorable credit histories are usually not eligible for a PLUS loan. Borrowers are responsible for all interest accrued on PLUS loans from the date the loan is disbursed, including the time the borrower or student attends school, during the grace period and during periods of deferment. Repayment varies depending on the type of PLUS loan awarded and the loan’s disbursement date.
OKLAHOMA
COLLEGE SAVINGS PLAN
The Oklahoma College Savings Plan provides families with a smart, flexible way to save for their children’s future. The plan offers a choice of investment options, tax advantages and the flexibility of using the savings at any qualified higher education institution both in the United States and abroad.
Advantatages of Using thethethe Oklahahoma College SaSavings Plan to SaSave for College
Easy to Enroll – New accounts can now be opened online at www.ok4saving.org. Account owners can also make additional contributions or view their account balances online.
Flexibility in Using the Funds – Whether the child decides to go to a private or public college or university, graduate school or any qualified postsecondary institution, funds in the account may be used at any eligible educational institution in the nation and abroad. The savings may be applied toward tuition as well as related expenses, such as books, supplies, required fees, and certain room and board costs.
Choice in Investments – The Oklahoma College Savings Plan offers nine investment choices: a Moderate Managed Allocation; Conservative Managed Allocation; Aggressive Managed Allocation; Guaranteed Option; U.S. Equity Index Option; Diversified Equity Option; Fixed Income Option; Global Equity Option and a Balanced Option. These choices vary in their investment strategy and degree of risk, allowing participants to select the option or options that best fit their needs and investment philosophy. A full description of these investment options is provided in the Program Disclosure Booklet available from the Oklahoma College Savings Plan.
No Income Limits – Parents, grandparents, relatives and friends at any income level may open an account and contribute to the plan on behalf of a beneficiary.
Tax Advantages – The amount a person contributes can be deducted from their Oklahoma taxable income up to a maximum of $10,000 for single filers or $20,000 married couples filing jointly. Contributions will grow free from federal and state income taxes, leaving more money than a similar taxable account. Withdrawals used for qualified expenses will also be free from federal and state income taxes.
Low Minimum Contribution – An account may be opened with a $100 check or money order, electronic funds transfer or automatic contribution plan. Contributions as small as $15 per investment option per pay period can be made using payroll deduction through participating employers. Each account can have only one account owner and one beneficiary. However, separate accounts can be opened for as many different beneficiaries as the participant may wish.
Contribution Limit – There is no annual limit on the amount that may be contributed to an account. However, a lifetime limit applies. In general, a participant may contribute to an account if at the time of the contribution the total balance of all accounts for the beneficiary does not exceed $300,000. The account may continue to grow beyond this limit based on the performance of the investment option(s) that have been selected.
Transferability – If the child or beneficiary decides not to attend a postsecondary institution, the account owner can transfer funds in the account to another eligible beneficiary. To avoid penalty and income tax, the new beneficiary must be a member of the family of the original beneficiary, including siblings, a spouse, first cousins, etc. (as described in the Program Disclosure Booklet).
Professional Money Management – The Oklahoma College Savings Plan is administered by a board of trustees chaired by the state treasurer of Oklahoma. TIAA-CREF Tuition Financing Inc. (TFI) serves as program manager of the Oklahoma College Savings Plan. TFI, an SEC-registered investment advisor, manages the plan’s investments and provides investment advisory services. TFI is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA), an insurance company headquartered in New York. TIAA and its companion organization CREF form a nationally recognized financial services organization with more than $380 billion in assets under management.
Low Cost – An annual asset-based management fee will be paid to TFI to cover the cost of investment management and administrative services. For the Managed Allocation Option and the 100% Equity Option this fee will not exceed 0.65 percent of the average daily net assets so invested, plus the specific investment management fees for the underlying mutual funds as disclosed in the Mutual Funds prospectus. For the Guaranteed Option, TFI will be paid a separate expense fee.
For More Informatation
Oklahoma College Savings Plan
877.OK4SAVING (877.654.7284)
www.ok4saving.orgGRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201114
I
s Thereherehere an Income Limit?
Single tax filers with up to $80,000 of adjusted gross income (AGI) and joint tax filers with up to $160,000 of AGI qualify for the full credit. The tax credit is phased out for taxpayers with incomes above these levels.
For More Informatation
IRS Help Line
800.829.1040
IRS Publication 970, Tax Benefits for Higher Education
www.irs.gov or consult your tax adviser
For More Information
Call the Student Information Hotline at 800.858.1840 (225.9239 in Oklahoma City), email studentinfo@osrhe.edu or visit the website
www.OKcollegestart.org.
Photo courtesy of
Northern Oklahoma College.
FEDERAL HOPE (AMERICAN OPPORTUNITYOPPORTUNITY)
AND
LIFETIME LEARNING TATAX CREDITS
If you’re paying for your or your dependent’s college education, there are two tax credits available for you – Hope (American Opportunity) and Lifetime Learning. For tax years 2009 and 2010, the federal American Recovery and Reinvestment Act replaced the Hope Credit with the American Opportunity Credit.
WhatWhatWhatWhat
’
s a Tax Credit?
A tax credit is better than a deduction. A credit is subtracted directly from your federal income tax on a dollar-for-dollar basis. This saves you more money than a deduction, which you subtract from your income before you calculate your tax and which yields much less than dollar-for-dollar savings.
WhWh
o
GetGet
s
t
o Claim thethethe Credit?
If someone claims the student as a dependent for tax purposes, that person, not the student, may receive the tax credit, even if the student files a tax return. Otherwise, only the student may receive the credit.
WhatWhatWhatWhat
’
s thethethe Differefferefferefferencece Betetweeeen thethethe Credits?
During 2009 and 2010, the American Opportunity Credit can be claimed for each of the first four years of college or career technology school for classes that lead to a degree or recognized certificate. The student must be enrolled at least half-time to qualify for the American Opportunity Credit. The Lifetime Learning Credit is available for any postsecondary education, including graduate and professional school, and unlike the American Opportunity Credit, there is no minimum enrollment. If you qualify for both credits, it will usually be to your advantage to claim the American Opportunity Credit.
WhatWhatWhatWhat
C
ollege Costs QuaQuaQualify?
Qualified expenses include tuition and required fees, minus any grants and scholarships that are received tax-free. Expenses for books and supplies are not included unless they must be paid to the institution as a condition of enrollment. The costs of room and board, insurance, transportation and medical fees (including health fees) are not qualified expenses, even if required for enrollment.
WhatWhatWhatWhat
’
s thethethe Amerericacan Opporturturtunity Tax Credit Worthrthrth?
The amount of the credit equals 100 percent of the first $2,000 of qualified expenses plus 25 percent of the second $2,000, for a maximum of $2,500.
WhatWhatWhatWhat
’
s thethethe Lifetfetfetime LearLearLearning Credit Worthrthrth?
Beginning in 2003, the credit equals 20 percent of the first $10,000 of qualified expenses, for a maximum of $2,000. Unlike the American Opportunity Credit, this will not be adjusted for inflation.

scholarshipgrant
programs
and
S
EPTEMBER 2011
Photo courtesy of Northern Oklahoma College.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 2011II
Front row, lefeft to right:
Assistant Secretary Mike C. Turpen, Oklahoma City;
Vice Chair Marlin “Ike” Glass, Newkirk; Chair Julie K. Carson, Claremore;
Chancellor Glen D. Johnson; Secretary James D. “Jimmy” Harrel, Leedey
Back row, left to right:
Ronald H. White, M.D., Oklahoma City; Joseph L. Parker Jr., Tulsa;
William Stuart Price, Tulsa; Gen. Toney Stricklin, Lawton; John Massey, Durant
The Oklahoma State Regents for Higher Education, in compliance with Titles VI and VII of the Civil Rights Act of 1964, Executive Order 11246 as amended, Title IX of the Education Amendments of 1972, Americans with Disabilities Act of 1990 and other federal laws and regulations, do not discriminate on the basis of race, color, national origin, sex, age, religion, handicap or status as a veteran in any of its policies, practices or procedures. This includes, but is not limited to, admissions, employment, financial aid and educational services. This publication, printed by Central Services, is issued by the Oklahoma State Regents for Higher Education, as authorized by 70 O.S. 2001, Section 3206. 300 copies have been printed at a cost of approximately $127. Copies have been deposited with the Publications Clearinghouse of the Oklahoma Department of Libraries. This publication was produced in September 2011.
O
klahoma State ReRegents
For Higher EducationGRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 2011III
table of contents
P
aying for College
What It Costs..............................................................................1
Money for College......................................................................3
Oklahoma Tuition Aid Grant Program (OTAG).........................3
Oklahoma Tuition Equalization Grant (OTEG).........................4
Oklahoma’s Promise - OHLAP..................................................4
Academic Scholars Program......................................................5
Regional University Baccalaureate Scholarship.........................6
Robert C. Byrd Honors Scholarship Program............................6
Future Teachers Scholarship Program........................................7
George and Donna Nigh Public Service Scholarship.................7
Scholars for Excellence in Child Care Program.........................8
Heroes Promise..........................................................................8
Tuition Waivers...........................................................................9
National Guard Tuition Waiver...................................................9
Independent Living Act (Foster Care Tuition Waiver)..............10
Teacher Shortage Employment Incentive Program...................10
SREB Academic Common Market..........................................11
Stafford Loan Forgiveness Program for Teachers....................12
Federal Financial Aid Programs..............................................12
Oklahoma College Savings Plan..............................................13
Federal Hope (American Opportunity) and
Lifetime Learning Tax Credits.................................................14GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20111
College expenses vary depending on the type of college or university, the number of courses a student takes, a student’s major and his or her personal lifestyle, among other factors.
A significant expense for most college students is the cost of classes. Students pay tuition and mandatory fees to cover costs such as professors’ salaries, classroom and laboratory equipment, classroom maintenance and utility costs.
Tuition and mandatory fees at Oklahoma state colleges and universities are considerably lower than average tuition at similar institutions in other states. Mandatory fees include, but are not limited to, library fees, technology services fees, student activity fees and assessment fees.
In addition, some academic courses also charge academic service fees for the use of equipment and facilities, private instruction and testing/clinical services.
The chart below provides an estimate of annual college costs for an undergraduate resident student carrying 15 hours per semester at a state college or university during the 2011-12 academic year. Though subject to change, the costs can serve as a basis for estimating college expenses.
Independent colleges and universities (not tax supported, nonprofit) are generally more expensive than state colleges and universities, so review the independent college and university pages in this guide or check with your counselor for an estimate of costs.
WHATWHAT
IT
COSTS
2011-12 ESTIMATSTIMATED STUDENT COSTS FOR RESIDENT STUDENTS
ATAT
OKLAHOMA
PUBLIC COLLEGES AND UNIVERSITIES
Expenses Research Universities Regional Universities Community Colleges Technical Branches
Tuition $4,076 $3,537 $2,206 $2,802
Mandatory Fees $3,040 $1,155 $819 $828
Average Academic Service Fees $858 $292 $60 $113
Room and Board* $6,880 $4,543 $4,437 $5,030
Books and Supplies $1,042 $1,105 $1,230 $1,620
Total $15,896 $10,632 $8,752 $10,393
*Room and board costs are based on a student living in a traditional dormitory with a roommate and a board (meal) plan. The costs represent the preferred room and board plan available on each campus. Many institutions offer a wide variety of room and board plans that may be more or less than the amount reported above.
Photo courtesy of Cameron University.GRANT
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Research Universities FAFSA Number Tuition Mandatory Fees
Oklahoma State University, Stillwater and Tulsa 003170 $143.45 $93.45
University of Oklahoma, Norman 003184 $128.30 $109.18
OU Health Sciences Center, Oklahoma City and Tulsa 005889 $128.30 $69.33
Regional Universities FAFSA Number Tuition Mandatory Fees
Cameron University, Lawton and Duncan 003150 $103.50 $49.50
East Central University, Ada 003154 $114.81 $40.30
Langston University, Langston 003157 $97.00 $40.05
LU, Oklahoma City 003157 $97.00 $31.05
LU, Tulsa 003157 $97.00 $35.55
Northeastern State University,
Tahlequah, Broken Arrow and Muskogee 003161 $116.50 $36.90
Northwestern Oklahoma State University,
Alva, Enid and Woodward 003163 $132.25 $20.75
Oklahoma Panhandle State University, Goodwell 003174 $104.50 $66.80
Rogers State University, Bartlesville, Claremore and Pryor 003168 $100.75 $58.45
Southeastern Oklahoma State University, Durant 003179 $137.55 $22.55
SEOSU, Idabel (Lower-Division Courses) 003179 $137.55 $0.00
SEOSU Aviation Program at OCCC 003179 $173.00 $0.00
SEOSU, Grayson County, Texas 003179 $120.75 $0.00
Southwestern Oklahoma State University, Weatherford 003181 $122.00 $31.00
SWOSU, Sayre 003181 $122.00 $26.00
University of Central Oklahoma, Edmond 003152 $139.20 $18.05
University of Science and Arts of Oklahoma, Chickasha 003167 $129.00 $39.00
Community Colleges FAFSA Number Tuition Mandatory Fees
Carl Albert State College, Poteau and Sallisaw 003176 $55.00 $28.00
Connors State College, Warner and Muskogee 003153 $70.14 $29.75
Eastern Oklahoma State College, Wilburton and McAlester 003155 $79.47 $27.20
Murray State College, Tishomingo 003158 $92.00 $14.67
Northeastern Oklahoma A&M College, Miami 003160 $67.85 $31.98
Northern Oklahoma College, Tonkawa and Enid 003162 $61.80 $23.95
NOC, Stillwater 003162 $61.80 *$90.27
Oklahoma City Community College 010391 $71.55 $23.45
Redlands Community College, El Reno 003156 $106.00 $0.00
Rose State College, Midwest City 009185 $75.00 $19.97
Seminole State College, Seminole 003178 $68.55 $39.15
Tulsa Community College 009763 $72.55 $29.45
Western Oklahoma State College, Altus 003146 $62.50 $32.85
Technical Branches FAFSA Number Tuition Mandatory Fees
OSU Institute of Technology, Okmulgee (Lower-Division Courses) 003172 $101.50 $33.50
OSU-Oklahoma City (Lower-Division Courses) 009647 $85.30 $21.67
Higher Education Center Tuition Mandatory Fees
Ardmore Higher Education Center, Ardmore (Lower-Division Courses) $120.00 $3.67
*NOC, Stillwater has $1,110 mandatory pass-through fees to OSU
For more information, call the Student Information Hotline at 800.858.1840 (225.9239 in Oklahoma City), email studentinfo@osrhe.edu or visit www.OKcollegestart.org.
OKLAHOMA
PUBLIC COLLEGES AND UNIVERSITIES
T
uition and Mandatory Fees Per Credit Hour for 2011-12 (Oklahoma Residents)GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20113
College is an investment in your future that you should be planning for now. You are fortunate to live in Oklahoma, where state colleges and universities are among the most affordable in the nation. Plus, Oklahoma has many resources available to help you and your family plan for and manage the cost of earning a college degree.
Did you know that during 2008-09 students attending Oklahoma public and independent (private) colleges and universities received financial aid totaling $1.5 billion? There is a good chance you will qualify for financial aid!
TYP
ES OF FINANCIAL AID
Fortunately, there are many kinds of student financial aid to help you and your family manage the cost of college. While your high school guidance counselor can give you specific financial aid information, the following are some general sources of financial aid.
Scholarships – awards given for a variety of reasons, such as good grades, special talents or career plans
Grants – aid that’s based on financial need and that doesn’t have to be repaid
Work-study (student employment) – money you earn for college by working part time at the college or university you are attending or at an approved off-campus worksite in the community
Loans – borrowed money that you must repay over time, with interest
G
ETTING FINANCIAL AID
One way to get started on a financial plan for college is to take advantage of a free online service called the ACT Financial Aid Need Estimator at www.act.org/fane. The estimator can help your family plan to meet college costs at specific institutions by estimating your family’s contribution, your eligibility for federal need-based financial aid and the amount of other financial aid you will need.
Here are five more helpful tips for locating sources of financial aid:
To apply for federal financial aid (grants, work-study and loans) 1. and the Oklahoma Tuition Aid Grant (OTAG) program, you must complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after Jan. 1 during your senior year in high school and each year you need aid in college. Call the financial aid office of the college(s) you plan to attend to learn about any additional forms they may require. The FAFSA is available online at www.fafsa.gov, and families are encouraged to use this method of application (step-by-step instructions are provided on the site). Paper copies may
money for college
be available from college financial aid offices or high school guidance counselors. Remember, the first F in FAFSA stands for “free.” Be wary of any organization that requires you to pay to fill out the FAFSA!
Check for scholarships sponsored by local organizations, including 2. your church, parent’s employer, and community groups such as the American Legion, YMCA, 4-H Club, Elks, Masons, Kiwanis, Jaycees, Chamber of Commerce and the Girl or Boy Scouts. Your high school counselor can help you explore scholarship opportunities in your area.
Contact the admissions or financial aid office at the colleges you 3. are interested in attending. Many colleges and universities offer scholarships to recognize academic achievement or special talents, such as athletics or performing arts. Much of this information is available on colleges’ websites.
Search the Internet for helpful financial aid information. To start, 4. visit www.OKcollegestart.org, www.ocap.org, www.finaid.org, www.studentaid.ed.gov, www.mappingyourfuture.org, and www.fastweb.com. Avoid online scholarship searches or agencies that charge fees for their services. All the information you need is available free of charge.
It’s best to use savings or free financial aid to pay for college, but 5. that’s not always possible or enough to cover college expenses. You might need to borrow money to pay for your education. But don’t worry – there are many resources to help. The federal government offers inexpensive student loans with flexible repayment terms. Be sure to exhaust all federal loan options before considering “private” or “alternative” loans, which can have higher interest rates and fewer flexible repayment options. For more information, contact the Oklahoma College Assistance Program, an operating division of the Oklahoma State Regents for Higher Education that provides college access, financial literacy and student loan management programs and services for students and parents, at 800.442.8642 or visit www.ocap.org.
FINANCIAL AID PROGRAMS
There are numerous state and federal programs to help you pay for college. Many of them are listed on the following pages. For more information, visit www.OKcollegestart.org or call the Student Information Hotline at 800.858.1840 or 225.9239 in Oklahoma City.
OKLAHOMA
TUITION AID GRANT PROGRAM (OTAGOTAG)
OTAG is a need-based grant program for Oklahoma residents who attend approved colleges, universities and career technology centers in Oklahoma. Awards are approved for full-time or part-time undergraduate students.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20114
Applicatcatcation
Application is made through the Free Application for Federal Student Aid (FAFSA) available online at www.fafsa.gov, through high school guidance counselors or the financial aid office at the college you are planning to attend. For best consideration, you should complete and submit the FAFSA to the federal student aid application system as soon as possible after Jan. 1 of your senior year. IT IS IMPORTANT TO APPLY EARLY. Typically, the OTAG program receives more eligible applications than can be awarded with available funds, and how early a student applies can be the deciding factor in whether that student is offered an OTAG award.
Eligibility
Financial need is measured by the Expected Family Contribution (EFC), which is determined based on the information the student provides on their FAFSA. The maximum EFC eligible to receive OTAG may vary from year to year based on volume of eligible applications received and available state funding. The EFC appears on the Student Aid Report sent to students by the U.S. Department of Education once their FAFSA has been processed. An award will not be denied for academic reasons as long as the college’s minimum requirements for admission are fulfilled and satisfactory academic progress is made according to the school’s policy for student financial aid recipients.
Awarard Amount
Currently, the maximum annual award is the lesser of 75 percent of enrollment costs or $1,000 for students attending public colleges, universities or career technology centers and $1,300 for students attending eligible private colleges and universities. One-half of the award is disbursed in the fall semester, and one-half is disbursed in the spring semester. Funds are released to eligible students by campus officials after eligibility has been confirmed.
For More Informationnformation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.otag.org
OKLAHOMA
TUITION EQUALIZATIONATION GRANT (OTEG)OTEG is a need-based grant program for Oklahoma residents enrolled as full-time undergraduates at Oklahoma not-for-profit, private/independent institutions of higher education.
Eligibility
To be eligible for OTEG award consideration, a student must:
File a Free Application for Federal Student Aid (FAFSA) and • report Oklahoma as his/her state of legal residence.
Be enrolled full-time in the fall and/or spring semesters.•
Have a family income of $50,000 or less.•
Be an Oklahoma resident according to the State Regents’ Policy • on Residence Status of Enrolled Students in the Oklahoma State System of Higher Education.
Meet the institution’s satisfactory academic progress • requirements.
Not have already earned a bachelor’s degree.•
Not have already received OTEG awards for five years.•
Awarard Amount
Participating colleges and universities will each select the students to receive the award at their institution.
Grant amounts are $2,000 per academic year or $1,000 per • academic semester.
Institutions will notify students of their awards.•
For More Informatation
Oklahoma Tuition Equalization Grant Program
877.662.6231
225.9456 (Oklahoma City area)
www.OKcollegestart.org/Financial_Aid/Types_of_Aid/Grants/Grants.aspx
OKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMA
’
S
PROMISPROMISPROMISPROMISPROMISPROMISE (OKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMAOKLAHOMA HIGHHIGHHIGHHIGHER LeLearning ACCACCACCESSSS PROGRAMPROGRAMPROGRAMPROGRAMPROGRAMPROGRAMPROGRAM)
The Oklahoma Legislature created a scholarship program that will help pay for a student’s education if his or her parents’ total yearly income is not more than $50,000 at the time of application and not more than $100,000 at the time the student goes to college. That program is called Oklahoma’s Promise.
How it Works
Student must be an Oklahoma resident and enroll in the program • in eighth, ninth or 10th grade (home-schooled students age 13, 14 or 15). Student starts early so he/she can get ready for college by taking high school courses that will help him/her do well.
Student must take certain courses and pass those courses with • at least a 2.5 cumulative GPA. (See below for a full description of required curriculum.)
Student must achieve at least a 2.5 cumulative GPA for all • courses in grades 9-12.
Student must go to class regularly and do his/her homework.•
Student also agrees to stay out of serious trouble and away from • drugs and alcohol.
Student must be a U.S. citizen or lawfully present in the United • States to receive the scholarship in college.
Student must meet additional financial, academic and conduct • requirements to keep the scholarship after enrolling in college.
W
HAT ARE THE BENEFITS?
Once a student has completed the program’s goals and graduated from an Oklahoma high school, Oklahoma’s Promise will help pay the student’s tuition at a public community college or university. It will also cover a portion of tuition at an accredited Oklahoma private college or university or for courses at public technology centers that are approved for credit toward an Associate of Applied Science degree at a public college. The scholarship is good for up to five years or until the student completes a bachelor’s degree, whichever GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20115
comes first. The final amount of the scholarship will vary depending on where the student attends college, the tuition rates in effect at that time and whether he or she attends full-time or less.
How ParePareParents Can Help
Parents should encourage the student to do well in his or her courses and to stay out of trouble. When the student signs up for the program, the parents also sign an agreement and promise to help their child successfully reach the goals of the program.
Requirered High SchSchSchool Currurrurricuculum for Oklahahoma’s PrPromise Eligibility1
Parents should encourage the student to do well in his or her courses and to stay out of trouble. When the student signs up for the program, the parents also sign an agreement and promise to help their child successfully reach the goals of the program.
4 English (grammar, composition, literature)
3 Lab Science (biology, chemistry, physics or any lab science certified by the school district; general science with or without a lab may not be used to meet this requirement)
3 Mathematics (from Algebra I, Algebra II, geometry, trigonometry, math analysis, calculus, Advanced Placement [AP] statistics)
3 History and Citizenship Skills (including one unit of American history and two units from the subjects of history, government, geography, economics, civics and/or non-Western culture)
2 Foreign or non-English language (two years of the same language) OR Computer Technology (Courses in programming, hardware and business computer applications such as word processing, databases, spreadsheets and graphics will qualify. Keyboarding or typing classes DO NOT qualify.) (1 foreign language and 1 computer technology course WILL NOT meet this requirement.)
1 Additional course of any of the subjects listed above
1 Fine Arts (music, art, drama) or Speech
17 Total Units
1 Students graduating from a non-accredited high school and home-schooled students must ALSO achieve a composite score of 22 or higher on the ACT test.
For More Informatation
Oklahoma’s Promise
Oklahoma State Regents for Higher Education
800.858.1840
225.9152 (Oklahoma City area)
okpromise@osrhe.edu
www.okpromise.org
ACAD
EMIC SCHOLARS PROGRAM
The Academic Scholars Program was created and funded by the Oklahoma Legislature as an incentive for students of high academic ability to attend both public and private higher education institutions in Oklahoma. The program was created to enhance the academic environment, to retain academically talented students within Oklahoma and to attract others of equal talent to the state.
Applicatcatcation
Applications are available every October and can be obtained by contacting the State Regents’ office. The applicant must qualify prior to college entry.
Eligibility
Residents of Oklahoma automatically qualify by scoring within the 99.5 to 100.0 percentile levels on the ACT or SAT as administered in the state of Oklahoma. For students entering the program fall 2010, the minimum ACT sum of scores required is 133. The sum of scores required is subject to change each year. Students will need to contact the State Regents’ office to verify the sum of scores required to qualify for the program. The test scores must be from a single national test date. Partial scores from more than one examination will not be considered.
Residents also automatically qualify by achieving one of the following designations: National Merit Scholar, National Merit Finalist or United States Presidential Scholar. Non-residents may qualify for the program by achieving designation as a National Merit Scholar, National Merit Finalist or United States Presidential Scholar. However, out-of-state student participation is limited, and achieving such a designation does not automatically qualify students for the program.
INSINSINS
TITUTIONIONIONAL NOMINNOMINNOMINNOMINNOMINEE
State public colleges and universities may nominate students attending their institutions for the Academic Scholars Program based on criteria established by each individual institution. Nominees will be selected through the normal admission and/or scholarship application at the institution.
Awarard Amount
The amount of the award varies according to the type of institution the student attends and qualifying status. The annual scholarship amount for Automatic Qualifiers is $5,500 for students who attend Oklahoma State University, the University of Oklahoma or The University of Tulsa; $4,000 for students who attend any other Oklahoma four-year public or private college or university; and $3,500 for students who attend Oklahoma community colleges.
The annual scholarship amount for Institutional Nominees is $2,800 for students who attend Oklahoma State University, the University of Oklahoma or The University of Tulsa; $2,000 for students who attend any other Oklahoma four-year public or private college or university; and $1,800 for students who attend Oklahoma community colleges. GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20116
Students who enroll at public universities and colleges are eligible for a tuition waiver in addition to the scholarship award noted above.
The scholarship will be awarded for up to eight semesters of attendance at an Oklahoma institution of higher education in accordance with the continuing eligibility requirements.
Criterterteria for Continueued Eligibility
Participants awarded a scholarship must maintain a 3.25 cumulative GPA. A program year is defined as beginning in the fall semester and continuing through the summer term. Scholarship recipients must maintain full-time enrollment each semester. Full-time enrollment shall mean a minimum of 12 hours per semester and 24 hours in the two regular semesters.
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okhighered.org/academic-scholars
R
EGIONAL UNIVERSITY BACCALAUREATATE SCHOLARSHIP
This scholarship enables 11 participating public universities to provide up to four years of scholarship support to academically promising Oklahoma students enrolled in a baccalaureate program. Each participating institution may nominate up to 15 freshman awardees per year.
Regional Universities
Cameron University, East Central University, Langston University, Northeastern State University, Northwestern Oklahoma State University, Oklahoma Panhandle State University, Rogers State University, Southeastern Oklahoma State University, Southwestern Oklahoma State University, University of Central Oklahoma, and the University of Science and Arts of Oklahoma.
Applicatcatcation
Application is made directly through the university the student plans to attend. The application deadline will vary for each institution.
Eligibility
Applicants must be Oklahoma residents.•
Applicants must meet one of the following criteria defined • below:
a. have an ACT composite score of at least 30 and a GPA and class rank which are exceptional, as determined by the institution OR
b. be a National Merit Semifinalist or a National Merit Commended Student as designated by the National Merit Scholarship corporation.
(Only ACT and SAT test scores from tests administered on national test dates will be considered for admission to the program.)
Awarard Amount
The annual award amount is $3,000. Each awardee will also • receive a resident tuition waiver from the institution.
The scholarship is available for up to eight semesters of study • in a baccalaureate program at a regional university or until the student is granted a baccalaureate degree, whichever occurs first.
The scholarship award may be used only at the university • making the award; it is not portable.
Criterterteria for Continueued Eligibility
Participants awarded a scholarship must maintain a 3.25 cumulative GPA. A program year is defined as beginning in the fall semester and continuing through the summer term. Scholarship recipients must maintain full-time enrollment each semester. Full-time enrollment shall mean a minimum of 12 hours per semester and 24 hours in the two regular semesters.
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
RO
BERTRT C. BYRD HONORS SCHOLARSHIP PROGRAM
The Robert C. Byrd Honors Scholarship Program is federally funded to promote student excellence and achievement and to recognize exceptionally able high school seniors who show promise of continued academic excellence and achievement. Students are selected to receive scholarships based on meeting eligibility criteria and completion and evaluation of an application. An equal number of “Byrd Scholars” are selected annually to represent each of Oklahoma’s five congressional districts. This program is administered by the Oklahoma State Department of Education.
Applicants must meet the following criteria in order to be eligible to compete for the Byrd Scholarship:
Be a U.S. citizen or national or be a permanent resident of the • United States.
Be a legal resident of Oklahoma.•
Be a senior enrolled in full-time coursework leading to high • school graduation.
Have applied to or been accepted for admission as a full-time • student by an institution of higher education.
Be able to meet academic criteria as stated in the scholarship • application (this includes GPA, ACT/SAT, and/or GED scores).
Must not be in default on a previous federal loan, scholarship • or grant.
Must not have been declared ineligible to receive federal • assistance as a condition of sentencing under Section 5301 of the Anti-Drug Abuse Act of 1988.GRANT
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Awarard Amount
“Byrd Scholars” receive $1,500 for the first year of study at an eligible postsecondary institution. Scholarships are renewable for up to three additional years of study provided students continue to meet eligibility standards as defined by the institutions they are attending.
For More Informationnformation
Oklahoma State Department of Education
Professional Services Division
Oliver Hodge Building
2500 N. Lincoln Blvd.
Oklahoma City, OK 73105-4599
405.521.2808
www.sde.state.ok.us/Finance/Scholarships/Byrd/
FUTURE TEACHERS SCHOLARSHIP PROGRAM
The Future Teachers Scholarship Program was established by the Oklahoma State Regents for Higher Education as an incentive to encourage the preparation of teachers in critical shortage areas in the public schools of Oklahoma.
Criticacal Teachereachereachereachereachereacher ShShortartartage Areareas
Science•
English•
Music•
Early Childhood Education•
Foreign Language (Spanish)•
Applicatcatcation
A new application must be submitted each academic year.•
Application deadlines are established by individual institutions. • Completed applications are to be submitted to the nominating institution. The following documentation is required:
a. First-time freshmen must submit a copy of their high school transcript and ACT or SAT score, whichever is applicable.
b. Students who have attended a postsecondary institution must submit official transcripts from all institutions attended.
c. All students must submit the essay portion of the application on a separate sheet.
Institutions will submit scholarship candidates and alternates in • priority order to the State Regents’ office.
The State Regents’ office will notify institutions of awards.•
ELIGIBILITY
The student must be a resident of Oklahoma.•
The student must be nominated by the college in which they are • enrolled on the basis of one of the following criteria:
a. cumulative high school GPA ranking in the top 15 percent of his or her high school graduating class OR
b. ACT or SAT score ranking in the top 15 percent for high school graduates of the same year OR
c. admission to a professional education program at an accredited Oklahoma institution of higher education OR
d. an undergraduate record of outstanding success, as defined by the institution.
Full-time and part-time students are eligible for the scholarship; • however, highest priority will be given to full-time students.
Scholarship recipients must maintain no less than a 2.5 • cumulative GPA.
Each recipient must agree to teach in a shortage area in • Oklahoma public schools for a minimum of three consecutive years upon graduation and licensure as a teacher.
Recipients may receive the scholarship for not more than four • years, or the equivalent of four years, of full-time study.
Awarard Amount
An award amount for each nominated student will be determined by the college the student attends. The following annual award limits have been set by the State Regents:
HOURS COMPLETED maximum TOWARD annualENROLLMENT BACCALAUREATE AWARDFull-Time 60 hours and above $1,500Full-Time Less than 60 hours $1,000Part-Time 60 hours and above $750Part-Time Less than 60 hours $500For purposes of this program, full-time enrollment means not less than 12 credit hours per semester for undergraduates and not less than nine credit hours per semester for graduate students. Part-time enrollment means not less than six credit hours per semester.
FOr More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
G
EORGE AND DONNA NIGH PUPUBLICLICLIC SERVICICE SCHOLARSHIP
The George and Donna Nigh Public Service Scholarship was established by the 1999 Oklahoma Legislature to provide scholarship opportunities to outstanding students who are preparing for careers in public service. A component of the scholarship program is participation in seminars on public service offered by the Nigh Institute. Each college and university may nominate one scholarship recipient per year.
Applicatcatcation
Presidents of Oklahoma colleges and universities will be invited to submit a nominee for consideration of award prior to the beginning of the spring semester. An advisory committee appointed by the Nigh Institute will review and approve the nominations and make announcement of awards.GRANT
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Eligibility
Scholarship recipients must be residents of the state of • Oklahoma as determined by the State Regents.
Scholarship recipients must be enrolled full-time in an • undergraduate program at a public or private college or university in the state of Oklahoma.
Scholarship recipients must be enrolled in a degree program • leading to a career in public service as determined by the institution.
Students receiving the scholarship must demonstrate • exceptional academic achievement as evidenced by a number of factors, which may include GPA, class rank, national awards, scholastic achievement, honors, teachers’ recommendations and the applicant’s involvement in extracurricular activities.
Amount of SchSchScholararship
The scholarship award amount is $1,000.•
Scholarships will be awarded on a yearly basis and are not • renewable.
Each participating college or university may nominate one • scholarship recipient each year.
For More Informatation
Nigh Institute
Attn: Carl F. Reherman
Kirkpatrick Bank
3001 E. Memorial Road
Edmond, OK 73013
405.818.0414
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
SCHOLARS
FOR EXCELLENCE IN CHILD CARE PROGRAM
The Scholars Program awards scholarships to eligible child care professionals to complete coursework in the area of child development or early childhood education. These scholarships enable child care providers in Oklahoma to attend a technology center or community college to improve their skills through education.
Applicatcatcation
Eligible child care providers may apply for the:
Career Technology Center Scholarship Early Education: Pathway • to CDA for coursework offered at area technology centers and online.
Community College Scholarship for coursework in the area of • child development or early childhood education leading toward a CDA Credential, Certificate of Mastery, Director’s Certificate of Mastery*, Director’s Certificate of Completion, and/or an associate degree in child development or early childhood education offered at local community colleges.
Career Technology Center Scholarship applications may be obtained by calling 405.225.9396 or 866.343.3881. Community College Scholarship applications may be obtained through the Scholars Program scholar coordinator at each of the local community colleges in Oklahoma. Scholarship applications can also be obtained by calling 405.225.9395 or 866.343.3881 or visit the website at www.okhighered.org/scholars.
Eligibility
To qualify for the Scholars for Excellence in Child Care program, child care professionals must:
Work in a one-star plus or above OKDHS or tribal-licensed • child care facility with a minimum of 10 percent subsidy children at time of application.
Work as a teacher, family child care provider, or director at • least 30 hours per week earning $15.50 or less per hour.
Be employed at a child care facility at least three months before • beginning coursework or have taken Entry Level Child Care Training (ELCCT).
Note: Due to the availability of education and training funds, employees from federally funded child care programs are not eligible to participate in the scholarship. Additionally, employees from school-age programs are not eligible to participate in the scholarship at this time.
Awarard Amount
Tuition scholarship recipients receive 80 percent of tuition and fees and 100 percent of books (after other financial aid has been applied) for required courses toward Pathway to CDA coursework, a child development associate (CDA) Credential, Certificate of Mastery, Director’s Certificate of Mastery,* Director’s Certificate of Completion, and/or an associate degree in child development or early childhood education.
*Offered at Oklahoma State University-Oklahoma City
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okhighered.org/scholars
He
roes Promise
House Bill 1343 became effective July 1, 2011, creating a special tuition scholarship for children of Oklahoma military personnel who were killed in action after Jan. 1, 2000.
Eligibility
The scholarship is available to children of any person killed after Jan. 1, 2000, in the line of duty in any branch of the U.S. Armed Forces or who died after Jan. 1, 2000, as a result of an injury sustained while in the line of duty in any branch of the U.S. Armed Forces.
The person who was killed or died must have filed an individual • or joint Oklahoma income tax return for the tax year prior to the year during which the person was killed or died.
The student must be an Oklahoma resident. • GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 20119
The student must enroll within the Oklahoma State System of • Higher Education prior to reaching the age of 21.
AWARD AMOMOUNT
Heroes Promise will help pay the student’s tuition at a public community college or university. It will also cover a portion of tuition at an accredited Oklahoma private college or university or for courses at public technology centers that are approved for credit toward an Associate in Applied Science degree at a public college. The scholarship is good for up to five years or until the student completes a bachelor’s degree, whichever comes first. The final amount of the scholarship will vary depending on where the student attends college, the tuition rates in effect at that time and whether he or she attends full time or less.
For More Informatation
Heroes Promise
Oklahoma State Regents for Higher Education
800.858.1840
405.225.9131 (Oklahoma City area)
studentinfo@osrhe.edu
www.OKcollegestart.org
TUITION
WAWAiVERS
COLLEGE-AWARDED TUITION WAIVER SCHOLARSHIPS
State Regents’ policy authorizes each institution in the Oklahoma State System of Higher Education to provide for tuition waiver scholarships on the basis of financial need, scholastic aptitude and achievement, academic discipline or field of study, student activity participation and academic level. State system institutions are also required to waive resident tuition for individuals who meet specific criteria.
S
TATE-AUTHORIZED TUITIONIONION WAIVIVERS
In addition to tuition waiver scholarships awarded by Oklahoma public colleges and universities, resident tuition will be waived fully or partially for the following:
Senior citizens who wish to audit courses (includes a waiver of • special fees and activity fees)
POWs, MIAs and their dependents•
Dependents of peace officers and firefighters killed in the line • of duty
Exchange students on a reciprocal basis•
Graduate assistants, either resident or non-resident, with at • least a one-quarter time graduate assistantship
Academic Scholars Program awardees•
Regional University Baccalaureate Scholarship awardees•
Army or Air National Guard members in good standing•
Independent Living Act – Department of Human Services • dependents who meet specific criteria
Benefits-eligible employees at institutions in the Oklahoma • State System of Higher Education
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
www.OKcollegestart.org
national guard tUITION WAIWAIVERS
The Oklahoma National Guard Tuition Waiver is established as an incentive for qualified men and women to join the Oklahoma National Guard and as a means to retain skilled, productive citizens within the state.
Applicatcatcation
The student is required to submit a Statement of Understanding and Certificate of Basic Eligibility each semester for which he or she is applying for the waiver. The certification form is to be signed by a commander or representative of the Oklahoma National Guard. This signature certifies that the student is in good standing with the National Guard and that the National Guard member agrees to abide by all program rules and procedures. The form is to be forwarded by the student to the institution he or she wishes to attend by the deadline determined by the institution.
Eligibility
A student who is a member of the Oklahoma National Guard shall be eligible for a full resident tuition waiver, provided the student:
Is a bona fide member of the Oklahoma National Guard at • the beginning of the semester for which he or she is applying for a scholarship or by the scholarship application deadline determined by the institution.
Has been certified as a member in good standing by the adjutant • general.
Is an Oklahoma resident or a non-resident student who is an • active member of the Oklahoma National Guard.
Does not currently hold a baccalaureate or graduate degree.•
Meets all admission and retention requirements of the • institution.
Enrollment Requirements
A student meeting all of the program eligibility requirements will be awarded a full resident tuition waiver, provided the student:
Is enrolled in a program of study leading to an associate degree • or a baccalaureate degree.
Is enrolled in a minimum of three hours per term.•
Has submitted a plan for the completion of his or her degree with • the Oklahoma National Guard. Waivers will not be awarded for courses leading to a certificate, continuing education courses or career technology courses that are not counted toward a degree program at another institution. Concurrently enrolled high school students are not eligible for this tuition waiver. The tuition waiver is not applicable to professional programs that do not require an earned degree.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201110
Awarard Amount
A resident tuition waiver covers the cost of resident tuition for all courses for which resident tuition is charged. A non-resident student waiver will cover the non-resident portion only of the tuition charged by Oklahoma public college and universities. The student is responsible for all other fees, such as special course fees, student activity and facility fees, and assessment fees.
A student may receive a waiver for a maximum of 18 semester credit hours each semester, for up to six years from the date of first application.
For More Informatation
Oklahoma National Guard
800.GO.GUARD
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
IND
EPENDENT LIVING ACT (FOSTER CARE TUITION WAIWAIVER)
The Independent Living Act was established by the 2000 Oklahoma Legislature to ensure that eligible individuals who have been or are in the foster care program of the Department of Human Services receive services that include housing, medical coverage and education. The first recipients of the tuition waivers were 1999-2000 high school graduates.
Eligibility
Student must have graduated within the previous three years • from a high school accredited by the State Board of Education, the Oklahoma School of Science and Mathematics or a high school bordering Oklahoma as approved by the State Board of Education OR the student must have completed the General Educational Development (GED) requirements.
Tuition waivers are available to students up to 21 years of • age who have been in DHS custody for at least nine months between the ages of 16 and 18.
Student must be enrolled in a public college or university or • certain programs at technology centers.
Tuition waivers will be made available to eligible students up to • 26 years of age or upon completion of a baccalaureate degree or program certificate, whichever comes first.
Awarard Amount
A resident tuition waiver covers the cost of resident tuition for all courses for which resident tuition is charged. The student is responsible for all other fees, such as special course fees, student activity and facility fees and assessment fees.
For More Informatation
Oklahoma State Regents for Higher Education
800.858.1840
225.9239 (Oklahoma City area)
studentinfo@osrhe.edu
www.okcollegestart.org/Financial_Aid/Types_of_Aid/Scholarships/State_Scholarship_Programs/_default.aspx
T
EACHER SHORTAGSHORTAGSHORTAGE EMPLOYMENT INCENTIVE PROGRAM (TSEIP)
Students must fill out a Participation Agreement Form available through their college or university education department or by calling the State Regents’ Minority Teacher Recruitment Center at 800.858.1840. (Students may sign up as early as their freshman year but should note that teacher employment must be achieved within 16 months of graduating from a four-year institution.)
The participation form must be completed and signed before graduation and submitted to the college or university TSEIP coordinator no later than the date of the student’s graduation from a four-year institution in Oklahoma.
The State Regents’ office will notify applicants of application receipt, educational loan obligations and any qualifying disbursement benefit opportunities through TSEIP.
SPECIAL NOTE: Participants cannot be certified to teach math or science prior to signing the Participation Agreement Form. Applicants must enroll no later than the date of their graduation to be eligible.
Eligibility
Individuals must declare an intention to teach in Oklahoma • and graduate from an Oklahoma-accredited teacher education program.
Individuals must complete the TSEIP Participation Agreement • no later than the date of their graduation. The agreement form can be obtained from the TSEIP coordinator at each postsecondary institution.
Individuals must maintain satisfactory progress in an academic • program leading to an undergraduate or graduate degree in math or science education.
Individuals must complete an approved program of professional • teacher education that includes a student teaching requirement that leads to a certificate to teach math or science at the secondary level.
Alternative or emergency certificates will not qualify.•
Individuals must be employed to teach either science or math in • a secondary classroom at least 75 percent of the time within 16 months of graduating from an accredited university.
Individuals must complete the first full year of eligible full-• time teaching service by 25 months from their graduation date from a four-year college or university.Photo courtesy of Rose State College.
GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201111
Awarard Amount
The annual award is based on a formula not to exceed three times the average annual cost of undergraduate resident tuition and fees at institutions that offer teacher education. The amount for the 2008-09 award was $13,602. Students who participate in TSEIP but do not have outstanding loan obligations will receive a cash payment after five years of teaching.
Eligible StuStudent Loan PrPrograrams for TSEIPIP Reimburburbursement
Stafford Student Loans/Guaranteed Student Loans•
Perkins/National Direct Student Loans•
Loans made pursuant to the federal Supplemental Loans for • Students program including CLAS
Consolidation Loan Program loans•
Privately funded educational loans issued to students through • colleges or universities
NOTE: Parent Loans for Students (PLUS) are not eligible.
For More Informatation
Contact the education department at your college or university, call the State Regents’ Minority Teacher Recruitment Center at 800.858.1840 or visit the website at www.cashforteachingok.org.
SR
EB ACADEMIC COMMON MARKET
The Academic Common Market (ACM) is an arrangement among Southern states allowing Oklahoma students to pay in-state tuition rates at out-of-state colleges or universities while studying in select programs not available at Oklahoma public institutions. The tuition savings to Oklahoma residents who participate in the ACM, as compared to those who enroll as out-of-state students, vary by institution.
Applicatcatcation
Contact the out-of-state college or university for information concerning admission into programs accessible via the ACM. The number of programs offered through the ACM is frequently updated, so visit the ACM list at http://home.sreb.org/acm/choosestate.aspx for the most recent list of accessible programs. Once you have been unconditionally accepted into one of these programs, complete and submit an ACM Application and Residency Certification Form to the address below, along with a copy of your letter of acceptance/admission into the program. The form can be obtained from the ACM state coordinator for Oklahoma or at www.okhighered.org/acm.
If the program is offered in the ACM inventory, and it is determined that you are a resident of Oklahoma, a letter of certification will be sent to you and a copy provided to the appropriate official at the institution. This will qualify you for a waiver of out-of-state fees.
If there is interest in a program that is not on the current list of available programs, a request may be made that the program be reviewed for possible inclusion. In order to do so, the following must be submitted: a copy of the letter of acceptance into the specific program; the completed Application and Residency Certification Form; and curricular information about the program, including course descriptions and credit hour requirements.
Eligibility
An individual must demonstrate residence in Oklahoma.•
Students must be accepted into a program of study not offered • at an Oklahoma public college or university and listed in the ACM inventory for Oklahoma residents. ACM guidelines stipulate that only those programs that differ in curricular content by at least 50 percent from programs offered in the state may be included.
Students who still have outstanding “provisions” or conditions • to fulfill their admissions requirements must complete their obligations and provide evidence of full admission before applying for ACM.
Applicants must complete and submit the ACM Application • and Residency Certification Form.
Institutions set policy regarding any institutionally imposed • deadline for the payment of tuition. ACM students not accepted or certified within the deadline for payment may have to wait until the next tuition payment period to receive the out-of-state fee waiver or in-state status. Although Oklahoma accepts ACM applications year-round, you should apply at least two months before institutional deadlines to allow for processing time.
For More Informatation
Debbie Blanke
State Coordinator, Academic Common Market Program
Oklahoma State Regents for Higher Education
P.O. Box 108850
Oklahoma City, OK 73101-8850
405.225.9170
www.okhighered.org/acmGRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201112
STASTA
FF
ORD
LOAN FORGIVENESS PROGRAM FOR TEACHERS
The Stafford Loan Forgiveness Program for Teachers is intended to encourage individuals to enter the teaching profession and serve in designated low-income communities. Under this program, the Department of Education repays all or a portion of a borrower’s Stafford Loan obligations. To be eligible for this forgiveness program, a borrower must be a “new borrower” on or after Oct. 1, 1998, and must teach for five consecutive complete years and meet other requirements. For a complete list of eligibility criteria, borrowers may contact their loan holder or guarantor. For more information, visit www.ocap.org or www.studentaid.ed.gov or call 800.4.FED.AID.
FEDERAL FINANCIAL AID PROGRAMS
To apply for federal financial aid (grants, work-study and loans), you must complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after Jan. 1 during your senior year of high school and each year you need aid for college. The FAFSA is available online at www.fafsa.gov, and families are encouraged to use this method of application (step-by-step instructions are provided on the site). Paper copies may be available from college financial aid offices or high school guidance counselors. Additional information is available at www.studentaid.ed.gov.
FEDERAL PELL GRANT
The Pell Grant is a need-based grant to help undergraduates pay for their education after high school. The award does not have to be repaid. An undergraduate is a student who has not earned a bachelor’s or graduate degree. The maximum annual award for the 2011-12 academic year is $5,550, but awards can be less depending on the student’s actual financial need.
FEDERAL SUPPLPPLPPLEMENTAL EDUCATIONIONIONAL OPPOOPPOOPPOOPPORTUNINITY GRANTS (FSEOGOG)
The FSEOG is an assistance program administered directly by the financial aid office at each participating school (a campus-based program). The FSEOG is gift aid for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFC) will receive priority. The award amount can be between $100 and $4,000 per year.
TEACHER EDUCATIONIONION ASSISSSISSSISSSISTANCE FOR COLLOLLOLLEGE ANDND HIGIGHER EDUCATIONIONION (TEACH) GRANT
The TEACH Grant is authorized in the College Cost Reduction and Access Act. It provides grants of $16,000 (up to $4,000 per year) to undergraduate students and $8,000 for graduate students at participating institutions who agree to teach in hard-to-staff fields in a public or private elementary or secondary school that serves students from low-income families.
FEDERAL WOWORK-STUDYDY
The Federal Work-Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay educational expenses. The program encourages community service employment and work related to the recipient’s course of study. Payment is made by the hour for undergraduates. Graduates can be paid hourly or receive a salary. All students must be paid at least the federal minimum wage.
FEDERAL PERKINSKINSKINSKINS LOLOANSNS
Perkins Loans are low-interest (5 percent) loans for undergraduate, graduate and professional students with financial need. These loans are offered through a participating school’s financial aid office, and the school acts as the lender. Up to $5,550 may be borrowed for each year of undergraduate study, while up to $8,000 may be borrowed for each year of graduate or professional study.
DIDI
RE
CT SUBSIDISIDISIDISIDIZED LOLOANSNS
Direct Subsidized Loans are low-interest, need-based loans made to undergraduate, graduate and professional students attending school at least half-time. Interest is paid by the federal government while the borrower is attending school, during the six-month grace period and during specific loan deferment periods. Repayment begins six months following a borrower’s graduation or when the borrower ceases to be enrolled at least half-time.
DIDI
RE
CT UNSNSUBSIDISIDISIDISIDIZED LOLOANSNS
Direct Unsubsidized Loans are low-interest, non-need-based loans made to undergraduate, graduate and professional students attending school at least half-time. Borrowers are responsible for all interest accrued on unsubsidized loans from the date the loan is disbursed, including the time that the borrower attends school, during the grace period and during periods of deferment. Repayment begins six months following the borrower’s graduation or when the borrower ceases to be enrolled at least half-time.
Photo courtesy of Eastern Oklahoma State College.GRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201113
DIDI
RE
CT PLPLUS LOLOANSNS
Direct PLUS Loans are made to parents of dependent undergraduate students and to graduate or professional students. These loans are not based on financial need. The amount that can be borrowed depends on the school’s cost of attendance and any other financial aid that the student may receive, including other loans. Applicants with unfavorable credit histories are usually not eligible for a PLUS loan. Borrowers are responsible for all interest accrued on PLUS loans from the date the loan is disbursed, including the time the borrower or student attends school, during the grace period and during periods of deferment. Repayment varies depending on the type of PLUS loan awarded and the loan’s disbursement date.
OKLAHOMA
COLLEGE SAVINGS PLAN
The Oklahoma College Savings Plan provides families with a smart, flexible way to save for their children’s future. The plan offers a choice of investment options, tax advantages and the flexibility of using the savings at any qualified higher education institution both in the United States and abroad.
Advantatages of Using thethethe Oklahahoma College SaSavings Plan to SaSave for College
Easy to Enroll – New accounts can now be opened online at www.ok4saving.org. Account owners can also make additional contributions or view their account balances online.
Flexibility in Using the Funds – Whether the child decides to go to a private or public college or university, graduate school or any qualified postsecondary institution, funds in the account may be used at any eligible educational institution in the nation and abroad. The savings may be applied toward tuition as well as related expenses, such as books, supplies, required fees, and certain room and board costs.
Choice in Investments – The Oklahoma College Savings Plan offers nine investment choices: a Moderate Managed Allocation; Conservative Managed Allocation; Aggressive Managed Allocation; Guaranteed Option; U.S. Equity Index Option; Diversified Equity Option; Fixed Income Option; Global Equity Option and a Balanced Option. These choices vary in their investment strategy and degree of risk, allowing participants to select the option or options that best fit their needs and investment philosophy. A full description of these investment options is provided in the Program Disclosure Booklet available from the Oklahoma College Savings Plan.
No Income Limits – Parents, grandparents, relatives and friends at any income level may open an account and contribute to the plan on behalf of a beneficiary.
Tax Advantages – The amount a person contributes can be deducted from their Oklahoma taxable income up to a maximum of $10,000 for single filers or $20,000 married couples filing jointly. Contributions will grow free from federal and state income taxes, leaving more money than a similar taxable account. Withdrawals used for qualified expenses will also be free from federal and state income taxes.
Low Minimum Contribution – An account may be opened with a $100 check or money order, electronic funds transfer or automatic contribution plan. Contributions as small as $15 per investment option per pay period can be made using payroll deduction through participating employers. Each account can have only one account owner and one beneficiary. However, separate accounts can be opened for as many different beneficiaries as the participant may wish.
Contribution Limit – There is no annual limit on the amount that may be contributed to an account. However, a lifetime limit applies. In general, a participant may contribute to an account if at the time of the contribution the total balance of all accounts for the beneficiary does not exceed $300,000. The account may continue to grow beyond this limit based on the performance of the investment option(s) that have been selected.
Transferability – If the child or beneficiary decides not to attend a postsecondary institution, the account owner can transfer funds in the account to another eligible beneficiary. To avoid penalty and income tax, the new beneficiary must be a member of the family of the original beneficiary, including siblings, a spouse, first cousins, etc. (as described in the Program Disclosure Booklet).
Professional Money Management – The Oklahoma College Savings Plan is administered by a board of trustees chaired by the state treasurer of Oklahoma. TIAA-CREF Tuition Financing Inc. (TFI) serves as program manager of the Oklahoma College Savings Plan. TFI, an SEC-registered investment advisor, manages the plan’s investments and provides investment advisory services. TFI is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA), an insurance company headquartered in New York. TIAA and its companion organization CREF form a nationally recognized financial services organization with more than $380 billion in assets under management.
Low Cost – An annual asset-based management fee will be paid to TFI to cover the cost of investment management and administrative services. For the Managed Allocation Option and the 100% Equity Option this fee will not exceed 0.65 percent of the average daily net assets so invested, plus the specific investment management fees for the underlying mutual funds as disclosed in the Mutual Funds prospectus. For the Guaranteed Option, TFI will be paid a separate expense fee.
For More Informatation
Oklahoma College Savings Plan
877.OK4SAVING (877.654.7284)
www.ok4saving.orgGRANT
AND SCHOLARSHIP PROGRAMS SEPTEMBER 201114
I
s Thereherehere an Income Limit?
Single tax filers with up to $80,000 of adjusted gross income (AGI) and joint tax filers with up to $160,000 of AGI qualify for the full credit. The tax credit is phased out for taxpayers with incomes above these levels.
For More Informatation
IRS Help Line
800.829.1040
IRS Publication 970, Tax Benefits for Higher Education
www.irs.gov or consult your tax adviser
For More Information
Call the Student Information Hotline at 800.858.1840 (225.9239 in Oklahoma City), email studentinfo@osrhe.edu or visit the website
www.OKcollegestart.org.
Photo courtesy of
Northern Oklahoma College.
FEDERAL HOPE (AMERICAN OPPORTUNITYOPPORTUNITY)
AND
LIFETIME LEARNING TATAX CREDITS
If you’re paying for your or your dependent’s college education, there are two tax credits available for you – Hope (American Opportunity) and Lifetime Learning. For tax years 2009 and 2010, the federal American Recovery and Reinvestment Act replaced the Hope Credit with the American Opportunity Credit.
WhatWhatWhatWhat
’
s a Tax Credit?
A tax credit is better than a deduction. A credit is subtracted directly from your federal income tax on a dollar-for-dollar basis. This saves you more money than a deduction, which you subtract from your income before you calculate your tax and which yields much less than dollar-for-dollar savings.
WhWh
o
GetGet
s
t
o Claim thethethe Credit?
If someone claims the student as a dependent for tax purposes, that person, not the student, may receive the tax credit, even if the student files a tax return. Otherwise, only the student may receive the credit.
WhatWhatWhatWhat
’
s thethethe Differefferefferefferencece Betetweeeen thethethe Credits?
During 2009 and 2010, the American Opportunity Credit can be claimed for each of the first four years of college or career technology school for classes that lead to a degree or recognized certificate. The student must be enrolled at least half-time to qualify for the American Opportunity Credit. The Lifetime Learning Credit is available for any postsecondary education, including graduate and professional school, and unlike the American Opportunity Credit, there is no minimum enrollment. If you qualify for both credits, it will usually be to your advantage to claim the American Opportunity Credit.
WhatWhatWhatWhat
C
ollege Costs QuaQuaQualify?
Qualified expenses include tuition and required fees, minus any grants and scholarships that are received tax-free. Expenses for books and supplies are not included unless they must be paid to the institution as a condition of enrollment. The costs of room and board, insurance, transportation and medical fees (including health fees) are not qualified expenses, even if required for enrollment.
WhatWhatWhatWhat
’
s thethethe Amerericacan Opporturturtunity Tax Credit Worthrthrth?
The amount of the credit equals 100 percent of the first $2,000 of qualified expenses plus 25 percent of the second $2,000, for a maximum of $2,500.
WhatWhatWhatWhat
’
s thethethe Lifetfetfetime LearLearLearning Credit Worthrthrth?
Beginning in 2003, the credit equals 20 percent of the first $10,000 of qualified expenses, for a maximum of $2,000. Unlike the American Opportunity Credit, this will not be adjusted for inflation.